FX forecast for Oct. 27

The lei should not be kept in the pockets as a number of factors contribute to the devaluation of the national currency. However, this does not mean that the Moldovan leu will lose value quickly, the Financial Brains director, PhD Sveatoslav Mihalache said, quoted by Info-Prim Neo. According to him, one of the factors that influence the leu - dollar relation is the development of the talks between the new Government of Moldova and the IMF. Most probably, the results will be favorable, but the lack of transparency makes it difficult to forecast the evolution of the leu, Mihalache said. EUR/USD The euro yesterday passed the level of $1.4980, slid to $1.4830 and then rebounded to $1.4890. The closest support level stands at $1.4820. There is a strong probability of reaching the level of $1.4720. USD/MDL The US dollar at currency exchange facilities will be sold for about 11.00 lei and purchased for 11.10 lei. It's not worth selling the dollar for less than 11.00 lei, Financial Brains recommends. EUR/MDL 16.30 – 16.35 lei (bid) and 16.53 – 16.58 lei (ask). For further details, visit www.fb.md 

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